LAZ
Lazard IncFinancial Services · $3.5B market cap
Verdict
Share price
$36.07
close of Oct 3, 2026
Fair value
$21.07
Sticker Price
Payback Price
$8.43
buy price
LAZ is Overpriced: at $36.07 it trades 71% above its fair value of $21.07. Its buy price (Payback Price) is $8.43, 77% below today's price. Business quality is limited: none of the 5 key numbers clears the 10% bar.
How we valued it
Justified P/B (Financials). A bank or insurer. These are best valued on their book value and how much they earn on it.
Business quality
0 of 5 clear the 10% bar. What are the Big Five?
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2 of the investors we track hold LAZ. In Q2 2026, 1 sold out. Who we track
John Rogers
Ariel Investments · as of Q2 2026
$241.4M
5,755,404 shares
Mason Hawkins
Southeastern Asset Management · as of Q2 2026
$780K
18,608 shares
Moves in Q2 2026
Sold out: Lee Ainslie
Insider activity
Since Jul 23, 2026: no open-market purchases, 1 sale worth $5.4M and 8 other filings (stock awards, tax withholding and similar). Why purchases matter
Sales
Other filings
Orszag Peter Richard
CEO & Chairman · 2026-08-24
D-Return
75,000 shares
Orszag Peter Richard
CEO & Chairman · 2026-08-24
Option exercise
250,000 shares
Howe Stephen R. Jr.
director · 2026-08-17
Award
103 shares
Farr Tracy
Chief Financial Officer · 2026-08-14
Award
426 shares
Soto Alexandra
Chief Operating Officer · 2026-08-14
Award
3,413 shares
About Lazard Inc
Lazard, Inc. operates as a financial advisory and asset management firm in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through two segments, Financial Advisory and Asset Management. The Financial Advisory segment offers financial advisory services, such as mergers and acquisitions, capital markets, shareholder, sovereign, geopolitical, and other strategic advisory…
Financial - Capital Markets
Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works